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Private Equity Injects Capital into Africa

Africa is growing, and African companies need cash to expand. Investors want in on the action, especially given low returns in many other parts of the world these days. But with few stocks and bonds, and scant liquidity for those out there, how do investors get a foothold? And how do African firms access much-needed cash?

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AFRICA: “Free trade in natural resources bad for development”

GENEVA – While some believe that restrictions on natural resource exports should be done away with, this could cause an increase in such exports that would be detrimental to the environment and bad for development. Many African countries follow the strategy of exporting as much as they can and, since they are uncompetitive in manufactures and services, they export raw materials, Mark Halle, director of the International Institute for Sustainable Development, said in an interview with IPS about the World Trade Report 2010 on trade in natural resources.

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Angola: is the country ready to avoid an oil disaster?

LUANDA – While BP struggles to contain an oil spill that U.S. government estimates indicate is now the largest ever in the Gulf of Mexico, questions are being asked about how well prepared Africa’s oil-producing countries are for a similar incident.

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Black Stars shine for Africa

Africans are pinning all hopes on Ghana – the only country on the continent to make it through to the quarter-finals of the 2010 Fifa World Cup. “We are so proud of Ghana, they’ve played really well and have kept Africans’ hopes alive in our first African World Cup,” said Thabiso Malesa from Tembisa, east of Johannesburg.

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Kenya: the World Cup goes solar in Africa’s largest slum

NAIROBI – A small association of Kenyan youths is using the ongoing World Cup to popularize solar energy as a clean, affordable option for Africa’s urban poor.

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